Strata schemes have become quite a popular concept in Australia. You can own a part of a residential building under strata property schemes. Performing the numerous tasks involved in owning a strata building isn’t easy. You need a professional strata management company to do the needful. There are many benefits of hiring a strata property manager to take care of your strata apartment complex. Here are the many benefits of hiring a strata manager.
A professional property management service plays an important role in ensuring that the strata are well looked after – in terms of ensuring the rent is paid on time and the maintenance of the complex. The property manager will be in charge of screening tenant applications and selecting the best tenants for the complex as well as a whole lot of paperwork. The basic work of a strata manager includes record-keeping, legal services, collection of fees, tax services, and financial services. The property manager should attend planning meetings and annual general meetings to be aware of the goals of the owners of the strata.
Beyond the basic services, a body corporate manager, like Stratacare Australia, will also deal with other management services such as monitoring and approval of expenses and invoices, collections, and assisting with contractors, employees, and the maintenance of the complex. The property manager should also handle all the insurance needs of the complex. With so many important tasks assigned to a strata manager, it is important that you choose the right individual for the job.
With an experienced property manager, you will have less legal issues. Landlords know that a single bad client can cause a lot of legal and financial headaches over time. A reliable strata manager can shield you from potential lawsuits since they are well experienced in dealing with bad clients. A property manager may look into the following aspects of your strata complex:
- Screening tenants
- Maintenance and safety of the property
- Signing and terminating leases
- Unit inspections
- Tenant evictions
- The collection and handling of rent and security deposits
Even if you are able to avoid one lawsuit as a result of working with a professional body corporate management service, the money you will save is more than enough to pay for the services of the strata manager. In fact, a body corporate manager will help save your time, money, and energy and provide peace of mind. That’s why you need to look for the best strata management service to manage your apartment complex.
When you work with a professional strata management company, you will enjoy many personal benefits such as:
- You will have more freedom to focus on more important tasks. You can travel anywhere without worrying about the tenants and their problems.
- Less stress – you won’t have to deal with late-night emergencies, damages, chasing down rent, evictions, and a heap of paperwork.
Are you planning to hire a reliable property manager for your strata complex? If so, you have come to the right place.